If your savings account is looking a little sparse these days, there are many ways you can turn it around. Even seemingly small gestures can help increase savings, especially when you’re dedicated to leading a frugal and financially responsible lifestyle. Below are a few unexpected ways that you can build your balance back up. 

How Can I Increase Savings & Spend Wisely?

1. Start a Neighborhood Carpool

Fuel costs to and from work can add up, especially if you have a long commute. Consider starting a neighborhood carpool that would benefit both your pocketbook and the environment. Also, consider leaving the car at home and taking public transportation as another alternative. 

2. Have More Meals At Home

Frequently dining out can have a real impact on a savings account. Eating more meals at home saves money, and it’s also healthier. Even something as seemingly small as a daily cup of coffee can add up. Brewing a cup at home and taking a travel mug is an excellent solution that will help save cash. 

3. Use Utilities Wisely

Are you notorious for leaving lights and appliances on when they’re not in use? If so, it could be costing you lots of extra money. When leaving for the day, make sure lights are off, heating and cooling equipment are set to a reasonable temperature, and that all televisions are powered down. You might be surprised by how much money you save over time. 

4. Review Subscriptions

Mobile devices make it simpler than ever to stay plugged into the world around you. They also make it easy to spend money frivolously on in-app purchases and subscription services. If it’s been a while, review your subscriptions to make sure you’re not paying for anything you no longer use. You might be surprised by what you find. 

Mohave Community Federal Credit Union will help you set up a savings account and offer valuable savings tips. As a trusted credit union in Kingman, AZ, they strive to keep banking costs low, which helps you save money. Members are also privy to many other benefits, including a range of affordable loan products. Call (928) 753-8000 today for more information. Visit them online to learn more about becoming a member.